Tenaz Energy Cash Flow Statement

Financials in millions CAD. Fiscal year is January - December.

Millions CAD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Net Income	315.61	-7.71	26.55	5.24	8.34
Depreciation & Amortization	111.6	20.87	19.96	6.43	4.66
Stock-Based Compensation	4.51	3.03	1.86	1.27	0.56
Other Adjustments	-322.54	-2.31	-32.92	-4.58	-10.06
Changes in Other Operating Activities	1.67	-7.64	-0.27	0.99	0.45
Operating Cash Flow	110.86	6.24	15.18	9.35	3.95
Operating Cash Flow Growth	1675.38%	-58.86%	62.36%	136.93%	63.97%
Capital Expenditures	-117.43	-18.23	-24.86	-17.1	-10.39
Sale of Property, Plant & Equipment	-	-	-	-	1.75
Payments for Business Acquisitions	-290.94	-36.83	36.81	1.81	-
Other Investing Activities	48.42	0.94	46.24	-38.6	4.4
Investing Cash Flow	-359.95	-54.12	58.2	-53.89	-4.24
Short-Term Debt Issued	-	-	-	21.48	-3.99
Short-Term Debt Repaid	-	-	-21.48	-	-
Net Short-Term Debt Issued (Repaid)	-	-	-21.48	21.48	-3.99
Long-Term Debt Issued	175.07	138.28	-	-	-
Net Long-Term Debt Issued (Repaid)	175.07	138.28	-	-	-
Issuance of Common Stock	6.72	0.93	-	0.23	29.82
Repurchase of Common Stock	-6.13	-1.23	-3.87	-0.75	-0.03
Net Common Stock Issued (Repurchased)	0.59	-0.3	-3.87	-0.52	29.79
Other Financing Activities	-5.67	-0.13	-0.01	-0.05	-0.04
Financing Cash Flow	170	137.85	-25.36	20.91	25.76
Effect of Exchange Rate Changes on Cash and Cash Equivalents	3.43	-0.37	0.45	-	-
Net Cash Flow	-75.67	89.61	48.47	-23.64	25.47
Free Cash Flow	-6.58	-11.98	-9.68	-7.75	-6.45
FCF Margin	-1.16%	-10.38%	-8.07%	-13.78%	-20.46%
Free Cash Flow Per Share	-0.21	-0.44	-0.33	-0.27	-0.43
Levered Free Cash Flow	486.53	125.57	-0.1	17.04	-0.93
Unlevered Free Cash Flow	326.58	11.89	65.51	21.87	21.26

Updated Dec 31, 2025. Data Source: Fiscal.ai. Standard template. Financial Sources.